Lehman Brothers has strengthened its trading offering in the Indian market with the introduction of LMX Trading Strategies for shares traded on the National Stock Exchange (NSE).

The investment bank executed the first algorithmic order on 4 August through the new direct market access (DMA) offered by the NSE. John Adair, head of Equity Liquid Market Sales, Asia-Pacific, for Lehman Brothers, says that the step illustrates its "strong commitment to building a market leading platform across the Asia Pacific region".

The firm now offers a full range of services, including cash and volatility trading, prime brokerage services, equity research and an electronic trading platform to the Indian market.

Pankaj Vaish, head of Capital Markets, India, Lehman Brothers, explains: "Recent regulatory changes have for the first time made this product possible in India. We can now bring Lehman Brothers' best in class electronic brokerage offering to one of the fastest-growing markets in the world."

According to Lehman, LMX Trading Strategies has been enhanced to manage all the risk validations and controls to ensure full compliance with the new SEBI and NSE regulations introduced for DMA trading in April this year.